Case on investments involving Jagan's firms posted to 21st Oct

Hyderabad: A special CBI court in Hyderabad on Tuesday posted the case related to alleged investments made in the companies of YSR Congress chief Y S Jaganmohan Reddy in return for benefits to October 21.

The case pertains to alleged investments running into several crores made by various private firms and individuals in Jagan's businesses, as part of "quid pro quo" arrangement, in exchange of alleged favours by the erstwhile YSR Rajasekhara Reddy (YSR) government.

Jagan, 41, who represents Pulivendula Assembly seat in Kadapa district of Andhra Pradesh, his close aide V Vijay Sai Reddy and other accused including former minister Mopidevi Venkataramana Rao, also appeared before the court in connection with different aspects of the case.

Arguments on framing of charges pertaining to the first charge sheet filed in the case, had begun last week in the court, with CBI special public prosecutor K Surender presenting his arguments.

The first charge sheet was filed against Jagan and 12 others on March 31, 2012 in the issue relating to allotment of land to the tune of 75 acres each to Hetero Group of Companies and Aurobindo Group.

Some senior IAS officers and industrialists, who are among other accused in the different charge sheets filed in connection with the case, also appeared before the court.

CBI has accused Jagan of amassing huge wealth through illegal means by misusing the office of his father YSR, when he was the Chief Minister of Andhra Pradesh between 2004 and 2009.